Shares in lithium explorer and developer Bacanora Minerals (LSE: BCN) jumped as much as 38% on May 6 after China's Ganfeng Lithium, one of the world's top lithium producers, offered the company to buy the shares it does not already own for up to ?190 million (US$264.5 million).The deal, which values Bacanora at up to around ?267 million (US$371 million), comes as prices for lithium surge due t...Read More

Import prices for ferrous scrap in Vietnam increased during the week to Friday May 7 on bullish sentiment in the spot market, and could break the $500-per-tonne-cfr-Vietnam mark for bulk cargoes, industry sources told Fastmarkets.Japanese H2 scrap cargoes were offered at $480-490 per tonne cfr Vietnam, up $10 per tonne week on week. But not many cargoes were offered because sellers are awaiting th...Read More

Canada's Lucara Diamond (TSX:LUC) has secured up to US$220 million in credit-approved commitments for senior debt facilities, which will help it fund a five-year, US$514 million underground expansion of its Karowe mine in Botswana.The package consists of a project finance facility of US$170 million for the expansion and a working capital facility of US$50 million to bankroll the ongoing operatio...Read More

A majority of Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) shareholders oppose the exit package handed to former chief executive Jean-S?(C)bastien Jacques, ousted after the destruction of sacred rock shelters in Western Australia last year.More than 60% of the votes cast on May 6 at the company's annual meetings in London and Sydney were against its remuneration report, which showed Jacques recei...Read More

The Chinese import market for steel billet continued its rapid climb over the past seven days, with healthy demand being supported by soaring steel prices in the country.Chinese steel prices have spiked again this week, with hot-rolled coil prices setting domestic records and rebar prices leaping closer to 2008's all-time highest level.At the heart of the latest rise in rebar prices have been expe...Read More

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) vowed today to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at its Kamoa-Kakula joint-venture in the Democratic Republic of Congo (DRC), as the project nears first copper production.The miner said it was committed to work with Kamoa-Kakula's partners to ensure it becomes the first net-zero operational carbon emitter among the worl...Read More

Here are five Fastmarkets stories you might have missed on Wednesday May 5 that are worth another look.German steel companies Thyssenkrupp Steel and H? 1/4 ttenwerke Krupp Mannesmann (HKM) and the Port of Rotterdam Authority are to jointly investigate setting up international supply chains for hydrogen.AfriTin Mining will increase production at its fledgling...Read More

Starr Peak Mining (TSXV: STE; US-OTC: STRPF) has reported initial assays from its first drill program on its NewMetal property in Quebec's Abitibi greenstone belt, immediately adjacent to the town of Normetal and about 140 km northwest of Val-d'Or.Highlights included drillhole STE-21-08, which intersected 12.10 metres grading 20.94% zinc, 0.43% copper, 39.58 grams silver per tonne, and 0.21 grams...Read More

The Canadian Mining Hall of Fame is now accepting nominations for individuals who have demonstrated leadership and outstanding achievement in the mining industry. "Canada's mining industry is essential and plays a key role in driving our economy forward while also being recognized as a global leader in sustainable practices," Pierre Gratton, chair of the Canadian Mining Hall of Fame and president...Read More

Soaring metals prices may be good for miners, but they risk the ongoing transition to clean energy as batteries, solar panels and wind turbines need considerable amounts of copper, nickel, cobalt, lithium and other minerals to be manufactured, a report warns.According to The International Energy Agency (IEA), reaching the goals of the Paris climate agreement would result in a quadrupling mineral d...Read More

Denison Mines (TSX: DML; NYSE-AM: DNN) is offering to buy JCU (Canada) Exploration Company, a wholly owned subsidiary of Overseas Uranium Resources Development Company Ltd., for cash payments of up to $40.5 million in three instalments and the assumption of JCU's liabilities.JCU (Canada) Exploration Company holds a 10% stake in Denison's 90%-owned Wheeler River project, which Denison describes as...Read More

Last week, Anthony Milewski, a director of International Consolidated Uranium, made the case to our readers that uranium sentiment is finally improving and the nuclear fuel is now having its day in the sun after years in the darkness following the Fukushima nuclear disaster in 2011. Milewski noted that there seems to be a shift in the willingness of governments to discuss nuclear energy openly now...Read More

Osisko Mining (TSX: OSK) has reported the latest drill results from infill and expansion drilling at its 100%-owned Windfall gold project in Quebec's Abitibi greenstone belt, 200 km northeast of Val-d'Or and 115 km east of Lebel-sur-Quevillon.Highlights included drillhole WST-21-0729, which was drilled on the Triple Lynx zone, and intersected 2.7 metres grading 124 grams gold per tonne from 304.9...Read More

Grade control drilling at Artemis Gold's (TSXV: ARTG) Blackwater project in central B.C. has confirmed that the starter pit outlined in a 2020 prefeasibility study contains wide, near-surface intervals of elevated gold grades.Highlights of the reverse-circulation drill program include: 27 metres of 12.5 grams gold per tonne starting at 24 metres depth; 33 metres of 10.4 grams gold per tonne starti...Read More

Fission Uranium (TSX: FCU; US-OTC: FCUUF) has announced a $30 million bought deal public offering, the proceeds of which will be used to advance development of the Triple R deposit in Saskatchewan.The company is issuing 50 million units, each of which is priced at $0.60. Each unit will be comprised of one common share and one-half of a share purchase warrant. Each full warrant will entitle the hol...Read More

Growing up on a farm in northeastern Scotland, Sarah Gordon saw how sustainability was the key to peak agricultural production, and was always aware of the importance of the environment. Choosing a path as an exploration geologist and recognizing the need for a better way of doing things than were being done in the coal mines of the U.K. in the 1980s and 1990s, Gordon saw the mining industry co...Read More

The S&P/TSX Venture Composite Index rose 2.56% to finish the trading week at 955.26. Spot gold declined by US$7.80 per oz., or 0.44%, to US$1,769.10 per ounce.Los Andes Copper jumped $1.72 to $10.00 per share. The company announced that it had received approval from Chile's Regional Environmental Committee for drilling to start at its Vizcachitas copper-molybdenum project, about 120 km north of S...Read More

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe SAVANT copper platform, launched in 2019 by Earth-i and Marex Spectron, said the global activity dispersion index average was 43.6 in April, up from the lowest-ever monthly average of 39.8 in March."The margin pressures smelters faced from a shortage of concentrates was evident in the extremely weak readi...Read More

Towards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaPAM puts itself in the middle of Thailand 4.0SPONSOREDAuroch powers up nickel explorationSPONSOREDauroch mineralsSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsBristow saw Barrick's copper portfolio as a source of differentiation to the company's gold industry p...Read More

PGM prices up 63% yoyRead full newsRead More